Tiffany & Co.’s (TIF) Underperform Rating Reaffirmed at Wells Fargo & Co.
Several other analysts have also commented on the company. Morgan Stanley reaffirmed a hold rating on shares of Tiffany & Co. in a report on Monday, August 15th. Mizuho lifted their target price on Tiffany & Co. from $72.00 to $82.00 and gave the company a buy rating in a research report on Tuesday, August 23rd. RBC Capital Markets reiterated a sector perform rating and set a $76.00 target price (up from $65.00) on shares of Tiffany & Co. in a research report on Sunday, August 28th. Cowen and Company upgraded Tiffany & Co. from a market perform rating to an outperform rating and lifted their target price for the company from $74.00 to $90.00 in a research report on Friday, November 11th. Finally, Jefferies Group lifted their target price on Tiffany & Co. from $85.00 to $100.00 and gave the company a buy rating in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $79.43.
Tiffany & Co. (NYSE:TIF) opened at 80.60 on Tuesday. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 22.99 and a beta of 1.84. Tiffany & Co. has a 12 month low of $56.99 and a 12 month high of $81.89. The stock’s 50 day moving average price is $74.94 and its 200 day moving average price is $67.93.
Tiffany & Co. (NYSE:TIF) last issued its quarterly earnings data on Tuesday, November 29th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.09. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The company earned $949.30 million during the quarter. During the same period in the previous year, the firm earned $0.70 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Tiffany & Co. will post $3.66 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.23%. Tiffany & Co.’s dividend payout ratio is currently 51.28%.
In other Tiffany & Co. news, SVP Philippe Galtie sold 482 shares of the company’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction of $34,708.82. Following the completion of the sale, the senior vice president now owns 670 shares in the company, valued at $48,246.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TIF. Envestnet Asset Management Inc. raised its stake in Tiffany & Co. by 430.0% in the first quarter. Envestnet Asset Management Inc. now owns 11,735 shares of the company’s stock worth $861,000 after buying an additional 9,521 shares in the last quarter. LPL Financial LLC raised its stake in Tiffany & Co. by 13.7% in the first quarter. LPL Financial LLC now owns 19,470 shares of the company’s stock worth $1,397,000 after buying an additional 2,339 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Tiffany & Co. by 16.2% in the first quarter. Panagora Asset Management Inc. now owns 151,419 shares of the company’s stock worth $11,111,000 after buying an additional 21,054 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in Tiffany & Co. during the first quarter worth $478,000. Finally, Cullinan Associates Inc. raised its stake in Tiffany & Co. by 7.2% in the second quarter. Cullinan Associates Inc. now owns 14,800 shares of the company’s stock worth $897,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 87.59% of the company’s stock.
About Tiffany & Co.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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